Investor Retirement Visa

The Investor Retirement visa allows self-funded retirees with no dependents to temporarily reside in Australia during their retirement years. To qualify for this visa you must be at least 55 years old, and able to make a significant long-term financial investment in Australia. The visa is valid for four years, although you can apply for further Investor Retirement visas if you continue to meet the relevant requirements.

Requirements

Applicant

As the visa applicant, you must be:

sponsored by an Australian state or territory government agency (other than the Australian Capital Territory)

at least 55 years of age (your spouse or de facto partner can be any age).

You (and your spouse or de facto partner, if applicable) must also:

have no dependent children or other dependent family members

hold an adequate health insurance package for the period of intended stay in Australia.

Assets, Income & Investment

If intending to live in a regional area of Australia, you (and your spouse or de facto partner, if applicable) must:

have assets to the value of at least AUD 500,000, which have been lawfully obtained and are available to be transferred to Australia

have access to a minimum net income of AUD 50,000 per year

be able to make a designated investment of AUD 500,000 in the sponsoring state or territory (this is in addition to the assets and income referred to above).

If intending to live in a non-regional area of Australia, you (and your spouse or de facto partner, if applicable) must:

have assets to the value of at least AUD 750,000, which have been lawfully obtained and are available to be transferred to Australia

have access to a minimum net income of AUD 65,000 per year

be able to make a designated investment of AUD 750,000 in the sponsoring state or territory (this is in addition to the assets and income referred to above).

Note

Those applying for a second (or subsequent) Investor Retirement visa do not need to meet the assets requirement. However, such applicants must still meet the net income and designated investment requirements. The amount of the designated investment decreases by AUD 250,000 the first time you reapply for the visa and then remains constant thereafter. If you reapply for your Investor Retirement visa in a non-regional area, a designated investment of AUD500 000 must be made and maintained. If you reapply for your Investor Retirement visa in a regional area, a designated investment of AUD 250,000 must be maintained.

Compelling and compassionate circumstances may be considered in cases where an applicant is suffering from hardship due to ailments associated with ageing or difficulties following the death of a partner.